Archives For: Industry Update

Top 10 ZIPS with Highest Foreclosure Rates in Q1 and March 2024

ATTOM breaks down the top 10 U.S. zip codes with the highest rate of foreclosure for Q1 and March 2024.

12 Apr 2024

U.S. Foreclosure Activity Increases Quarterly in Q1 2024

ATTOM released its Q1 2024 U.S. Foreclosure Market Report, showing foreclosure filings up 3% from the previous quarter.

10 Apr 2024

FHFA Names Tracy Stephan as Chief Artificial Intelligence Officer

FHFA announced that Tracy Stephan will assume the role of Chief Artificial Intelligence Officer in addition to continuing her role leading the Office of Financial Technology.

9 Apr 2024

HUD Announces $10 Million Funding Opportunity for Community Revitalization Efforts

HUD announced a new funding opportunity through the FY24 Choice Neighborhoods Planning Grant to support planning to revitalize communities.

9 Apr 2024

CoreLogic: US Mortgage Delinquencies, Foreclosure Begin 2024 Exceptionally Low

CoreLogic released its monthly Loan Performance Insights Report showing 2.8% of all mortgages in the U.S. were in some stage of delinquency in January 2024.

28 Mar 2024

FHFA Releases 4th Quarter 2023 Foreclosure Prevention and Refinance Report

FHFA released its 4th quarter 2023 Foreclosure Prevention and Refinance Report, showing Fannie Mae and Freddie Mac completed over 43K prevention actions.

25 Mar 2024

First Look at February 2024 Mortgage Data

ICE reports that the national delinquency rate eased to 3.34% in February 2024, down 4 basis points from the previous month.

21 Mar 2024

Share of Mortgage Loans in Forbearance Holds Steady at .22% in February

MBA’s monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance remained unchanged in February 2024.

18 Mar 2024

Statement from HUD Secretary Marcia L. Fudge

HUD Secretary Marcia L. Fudge has announced her resignation, effective March 22, 2024, after nearly 5 decades in public service.

11 Mar 2024

U.S. Foreclosure Activity Continues to See an Annual Increase

ATTOM released the February 2024 U.S. Foreclosure Market Report, noting that foreclosure filings are up 8% over one year ago.

11 Mar 2024

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CEO

Alan Jaffa

Alan Jaffa is the Chief Executive Officer for Safeguard Properties, steering the company as the mortgage field services industry leader. He also serves on the board of advisors for SCG Partners, a middle-market private equity fund focused on diversifying and expanding Safeguard Properties’ business model into complimentary markets.

Alan joined Safeguard in 1995, learning the business from the ground up. He was promoted to Chief Operating Officer in 2002, and was named CEO in May 2010. His hands-on experience has given him unique insights as a leader to innovate, improve and strengthen Safeguard’s processes to assure that the company adheres to the highest standards of quality and customer service.

Under Alan’s leadership, Safeguard has grown significantly with strategies that have included new and expanded services, technology investments that deliver higher quality and greater efficiency to clients, and strategic acquisitions. He takes a team approach to process improvement, involving staff at all levels of the organization to address issues, brainstorm solutions, and identify new and better ways to serve clients.

In 2008, Alan was recognized by Crain’s Cleveland Business in its annual “40-Under-40” profile of young leaders. He also was named a NEO Ernst & Young Entrepreneur Of The Year® Award finalist in 2013.

Esq., General Counsel and EVP

Linda Erkkila

Linda Erkkila is the General Counsel and Executive Vice President for Safeguard Properties, with oversight of legal, human resources, training, and compliance. Linda’s broad scope of oversight covers regulatory issues that impact Safeguard’s operations, risk mitigation, strategic planning, human resources and training initiatives, compliance, insurance, litigation and claims management, and counsel related to mergers, acquisition and joint ventures.

Linda assures that Safeguard’s strategic initiatives align with its resources, leverage opportunities across the company, and contemplate compliance mandates. She has practiced law for 25 years and her experience, both as outside and in-house counsel, covers a wide range of corporate matters, including regulatory disclosure, corporate governance compliance, risk assessment, compensation and benefits, litigation management, and mergers and acquisitions.

Linda earned her JD at Cleveland-Marshall College of Law. She holds a degree in economics from Miami University and an MBA. Linda was previously named as both a “Woman of Influence” by HousingWire and as a “Leading Lady” by MReport.

COO

Michael Greenbaum

Michael Greenbaum is the Chief Operating Officer of Safeguard Properties, where he has played a pivotal role since joining the company in July 2010. Initially brought on as Vice President of REO, Mike’s exceptional leadership and strategic vision quickly propelled him to Vice President of Operations in 2013, and ultimately to COO in 2015. Over his 14-year tenure at Safeguard, Mike has been instrumental in driving change and fostering innovation within the Property Preservation sector, consistently delivering excellence and becoming a trusted partner to clients and investors.

A distinguished graduate of the United States Military Academy at West Point, Mike earned a degree in Quantitative Economics. Following his graduation, he served in the U.S. Army’s Ordnance Branch, where he specialized in supply chain management. Before his tenure at Safeguard, Mike honed his expertise by managing global supply chains for 13 years, leveraging his military and civilian experience to lead with precision and efficacy.

CFO

Joe Iafigliola

Joe Iafigliola is the Chief Financial Officer for Safeguard Properties. Joe is responsible for the Control, Quality Assurance, Business Development, Marketing, Accounting, and Information Security departments. At the core of his responsibilities is the drive to ensure that Safeguard’s focus remains rooted in Customer Service = Resolution. Through his executive leadership role, he actively supports SGPNOW.com, an on-demand service geared towards real estate and property management professionals as well as individual home owners in need of inspection and property preservation services. Joe is also an integral force behind Compliance Connections, a branch of Safeguard Properties that allows code enforcement professionals to report violations at properties that can then be addressed by the Safeguard vendor network. Compliance Connections also researches and shares vacant property ordinance information with Safeguard clients.

Joe has an MBA from The Weatherhead School of Management at Case Western Reserve University, is a Certified Management Accountant (CMA), and holds a bachelor’s degree from The Ohio State University’s Honors Accounting program.

Business Development

Carrie Tackett

Business Development Safeguard Properties